INDIAN ECONOMY QUIZ - 7 - EDUCATION WORLD

Welcome to your INDIAN ECONOMY QUIZ - 7

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Name

Email ID

Contact No.

What is the full form of the organization of CERSAI?

Central Repository of Securitisation Asset Reconstruction and Security Interest of India

Central Registry of Securitisation Asset Reconstruction and Security Interest of India

Central Repository of Securitisation Asset Registration and Security Interest of India

Central Registry of Securitisation Asset Restructuring and Security Interest of India

None

Which of the following currency exchange rate mechanisms has been adopted by India?

Free Float.

Managed Float.

Floating with a Band.

Fixed-but-Adjustable.

None

PPF has a maturity period of:

5 years

10 years

15 years

20 years

None

The Delhi's Red Fort is on the reverse of the ...... banknote.

₹100

₹500

₹1000

₹2000

None

Find the correct statements regarding the new 50 banknotes:

It will have a motif of the Red Fort in the reverse

It will be magenta in colour

Size of the new note is 66 mm x 166 mm

All of these

None

Which of the following was the first Asset Reconstruction Company of India?

ARCIL

ACRE

ASREC

ISARC

None

Which Indian Company is the first to issue Masala Bonds?

ICICI Bank

SBI

Axis Bank

HDFC Bank

None

What is the MCA21?

(i) It is scheme launched by the Ministry of Consumer Affairs.

(ii) It is one of the Mission Mode Projects of the National e-Governance Plan.

(iii) It is now being used to calculate the GDP.

Only i

Only ii and iii

Only ii

Only iii

None

The Gas4India campaign aimed for:

Encouraging natural gas as fuel of choice for people

Moving towards a gas-based economy

Increasing the share of gas in the country's energy basket from the present 10 per cent

Both (a) and (b)

None

10.

What are the correct statements about the Compensatory Afforestation Fund Act, 2016?

(i) Establishes NCAF under the Public Accounts of India.

(ii) NCAF will get 40% of the funds collected and the remaining 60% will go to the State Government.

(iii) The payment into NCAF will include compensatory afforestation, NPV of forests and any project specific payments.

Only i and ii

Only i and iii

Only ii and iii

i, ii and iii

None

11.

The Committee headed by TSR Subramanian was related to:

New Education Policy

Defence Procurement Policy

New Foreign Policy

Merger of public sector banks

None

12.

When was the Mahatma Gandhi Watermark banknote series introduced?

1990

1992

1994

1996

None

13.

Find the correct statements regarding the National Investment Fund:

Its purpose is to receive disinvestment proceeds of CPSES

The funds are used for selected Central social welfare schemes

The fund is kept in the Consolidated Fund of India

All of these

None

14.

Consider these statements about the SARFAESI Act:

(i) It is used as a tool by the banks to recover bad loans.

(ii) It is effective only for secured loans where bank can enforce the underlying security.

(iii) The security should not be an agricultural land. Which are the incorrect statements?

Only i and ii

Only i and iii

Only iii

None of these

None

15.

The RBI recently launched the S4A scheme. What does the 4th S stand for?

Structured

Sustainable

Steps

Stressed

None

16.

The RBI has launched a website to raise awareness among the masses about fake currency notes. What is the name of that website?

www.sachet.rbi.org.in

www.paisaboltahai.rbi.co.in

www.currency.rbi.org.in

www.paisaboltahai.rbi.org.in

None

17.

Which of the following groups of states has the largest concentration of rural poor and people living below the poverty line?

Karnataka, Maharashtra, Goa

Goa, Andhra Pradesh, Maharashtra

Tamil Nadu, Kerala, Goa

Andhra Pradesh, Karnataka, Tamil Nadu

None

18.

Choose the incorrect statements regarding IRDAI:

It is a statutory body

It opened up the insurance industry for the first time in the year 2005

It was constituted on the recommendations of the Malhotra Committee

None of the above

None

19.

Which of the following is not regulated by SEBI?

Chit Funds

Venture Capital Fund

Stock broking companies

All of these

None

20.

FDI is allowed in NBFCs under the automatic route provided and regulated by:

SEBI

RBI

IRDA

Any of the above

None

21.

Which are the correct statements relating to the S4A scheme?

(i) It's full form is Steps for Sustainable Structuring of Stressed Assets.

(ii) Its main aim is to strengthen the lenders' ability to deal with stressed assets.

(iii) An overseeing committee having eminent experts will be set up by the Indian Banks Association (IBA) in consultation with the Government of India.

Only i

Only i and ii

Only i and iii

Only ii

None

22.

Find the correct statements about demonetisation:

The first demonetisation in independent India was done in 1978

The 1000 and 10,000 rupees banknote were the ones that were demonitised then

Both (a) and (b)

Neither (a) nor (b)

None

23.

The SS Mundra Special Task Force was formed to:

Speed up the process of recalibration of ATMs

Speed up the process of supply of new notes

Speed up the process of opening new micro-ATMS

Speed up the transition from old to new banknotes

None

24.

Dr. Urijit Patel was associated the committee on which of the following topics?

Monetary Policy Reforms

Financial Inclusion

Restructuring of FCI

Frauds and malpractices in Banks

None

25.

If the RBI increases CRR, then what can be the possible reason for doing that?

The economy is in recession

The demand in the economy has reduced

The economy is in stagflation

The economy is in inflation

None

Time's up

Time is Up!

INDIAN ECONOMY QUIZ – 7

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